New Jersey Personal Loan for Bad Credit Laws and Regulations in (NJ)

Legal Maximum Rate of Interest
6.00% or up to 16.00% for contracts (31:1 -1); loans in excess of 30% or 50% in limited liability to corporations are not allowed (2C:21-19)

Exceptions
Loan of over $50,000; savings and loans; banks; Department of Housing and Urban Affairs and other organizations authorized by the Emergency Home Finance Act of 1970. See more below.

This information is for informational purposes only.
Although care has been taken to accurately describe the
laws and regulations in New Jersey, no
guarantees are implied or expressed about its
accuracy. This is not legal advice. If you need legal advice,
please consult an attorney or the New Jersey Department of Banking and Insurance.

The following classes of lending organizations may be exempt from some, all, or none of the regulations and laws set by the state of New Jersey. Federally chartered banks, state chartered banks, credit unions and some entities organized under the laws of a sovereign nation (for example) a Native American Tribe or the country of Antigua.

Times are tough all over, and that means in Jersey, too. What can you do if your account is overdrawn in Orange, or your credit is shot in Shrewsbury, and a big expense pops up? An installment loan could solve your problems. However, finding an installment loan with bad credit can be like trying to find an open patch of beach on the Jersey Shore during summer- hard.

Heavy rains can cause flooding in Paterson – and now that your basement is filled with water, you’ll need to dry that out and deal with the mold. Calling someone in to do that won’t be cheap, and your homeowners insurance doesn’t cover flooding, so it’s all on you.

Sure, you know that eating pizza while you were driving down the parkway to Tom’s River was a bad idea. Now you’ve been in an accident and there’s no way you can come up with the $1,000 deductible to get your car fixed. You have to have your car to make it to work! Why do these things always seem to happen when you’re more down on your luck than someone on a losing streak in Atlantic City?

Of course, there are always household expenses like: your hot water heater rusts out in Hackensack, the fridge dies in Fairfield, or the roof starts leaking in Lyndhurst. These are things you can’t go without – but where will you get the money to repair them? Being a homeowner is expensive – and it sure would be nice to have somewhere you could turn for an installment loan – even with your bad credit record. Where can you go for help?

When the proverbial spaghetti hits the proverbial fan, things can get pretty messy in a hurry. A personal loan can help you mop things up, but if you have bad credit, you may struggle to find one. How can a person find the right loan for bad credit?

We Give Loans offers unique access to 10,482 loan sources that handle personal loans for people with bad credit. Our no cost, no obligation, consumer-to-lender pairing process has helped over two million people since 2006 to get the right loan for their individual situations. These are typically installment loans that allow a consumer to borrow $500 to $5,000 and pay it back over a period of 2 to 36 months.

With one short, secure form, you can anonymously give us the basic outline of your situation. We use that information to pair you with loan sources from our network which would be appropriate for your needs. From there, you can select a source and complete your application with them. It’s simple and fast!

Most loan sources in the We Give Loans network approve installment loans online in minutes, and fund loans within 1 to 72 business hours- getting you the cash you need to tidy up your financial messes. Whether you’ve been hit with an expensive car repair or need some cash to help you get a new start in life, our loan sources can help. Apply now!